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U.S. Energy Secretary Plans 1.2-for-1 Replenishment Ratio for Strategic Petroleum Reserve

GateNews

2026-05-15 15:06:06

According to Jin10, U.S. Energy Secretary Wright announced on Friday, May 15, that the United States will replenish the Strategic Petroleum Reserve (SPR) at a ratio of at least 1.2 barrels for every barrel released. Wright stated: “We are now releasing oil, and for each barrel released, we will replenish at least 1.2 barrels into the reserve. Ultimately, we will make the reserve larger than when we started.”

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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